Tanzania will receive €628 million from the European Commission over a six-year period (2014-2020).
The funds are allocated under the 11th European Development Fund (11EDF), and will be directed at the development of Tanzania’s general budget support, energy, and agriculture.
Tanzania’s Ambassador to BELUX (Belgium and Luxemburg) and Mission to the European Union, Diodorus Kamala, stated that cooperation between the EU and ACP countries is taking place under the framework of the Cotonou Agreement of 2000, which seeks to eradicate poverty and gradually integrate developing nations into the world economy.
The Cotonou Agreement is a global agreement designed to establish a comprehensive partnership based on three complementary pillars: development cooperation, economic and trade cooperation, and the political dimension.
Kamala stated that during the most recent meeting between the EU and ACP countries, the ACP countries discussed market access of agricultural commodities to Europe.
The currently allocated €628 Million represents an increase from €600 Million previously allocated to Tanzania in the previous 10 EDF’s.